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mutual funds monday, first of the month
managers mixed tape ........
rba ? ......wut ?
mutual funds monday, first of the monthAnyone knows if the rba is purchasing stocks, the XAO makes no sense today except if the RBA was involved.
One would have to be deranged to gamble on a local market rise before this night's action in the US imho
The AUDUSD is just following the SPX (sometimes feels like It's all the same market) and also rising on the back of USD weakness not because our economy is so great.....No , it's just that the Australian economy has bounced back (unlike many other economies which are covid ravaged) and there is a lot of interest in our economy internationally as a safe place, hence the rising currency.
Also it is risk on for Super investors who will be switching out of cash.
Also it is a Monday, the ASX often rises Monday.
There is a lot of money about, hence inflation risk. Once we bring back the students and immigration the economy is going to be running hot.
Look at the latest sharp rises in the property sector for evidence.
In that case, this should have happened last friday in oz, us market was not good friday, if it falls tonight asx is down tomorrow.mutual funds monday, first of the month
managers mixed tape ........
rba ? ......wut ?
In that case, this should have happened last friday in oz, us market was not good friday, if it falls tonight asx is down tomorrow.
And no real neews that matter so if you are a gambler, gamble last friday, not today
Obviously us can jump back tonight and people say, told you so.but in term of odds, buying higher today on the asx than friday made no sense.anyway why do i want for it to make sense
Very seriously, has the reserve bank of Australia started buying stocks?
BOJ, US Feds are doing it and maybe EU reserve bank.not sure on the later.
Not really , the people who bought yesterday lost 2pc vs buying last fridayalways a challenge when your "reasoning" doesnt match what's transacting in the auction(s)
Thanks @peter2 .I'm having a tough time identifying good risk/reward opportunities in the XAO at the moment. If you don't already have a stack of lithium stocks then you're too late now. Otherwise, pickings are slim.
This is normally a bullish time for stocks leading into Christmas. I'm bullish but there's not many setting up for me. I'm not going to gamble on third rate stocks and risk the good start I've made in the current FY.
Hells, bells, looks like I might have to do some gardening and get some sunshine.
Oilers and Gold up.
Others flat or down.
gg
“I’ve been doing this 30 years and I’ve never seen markets like this. This is a molecule crisis. We’re out of everything, I don’t care if its oil, gas, coal, copper, aluminium, you name it we’re out of it.”
You will know that global food prices are soaring.
You will also know that we have shortages of everything.
In fact veteran Goldman Sachs commodities analyst, Jeff Currie, made this statement this week.
OMG is featuring frequently, in the current market!Today's arvo scan only had one result. One! I've never seen so few. The one was OML, and SSM again but triggered yesterday.
Looking through the lower value scan (EMA (Value traded , 10day) <1.5M: Only six results.
MTC: Bonanza gold intersection
AR1 (mthly comp selection from @Dona Ferentes ), HCD, ICT, NET (too late now), VTG (interesting)
Coal miners that supply china are a good play for when their lockdowns lift. I have WHC, BHP, YAL on the watchlist.What's going on in this crazy market. All my favourite trading stocks are going down. I tried buying a couple of dips but have swallowed losses. There's nothing much on my radar at the moment. The XAO would be much weaker but the banks are holding it up.
It seems patience is required now. Prices will eventually get to a level that will induce more demand. Waiting is hard.
Edit: Prices in our fav commodities are falling, gold, silver, copper, zinc, nickel has settled. Even the huge prices paid for the recent PLS lithium auction didn't illicit any demand.
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